Now this hits closer to home...

Yikes:

In a move suggesting how the credit crisis could disrupt American higher education, Wachovia Bank has limited the access of nearly 1,000 colleges to $9.3 billion the bank has held for them in a short-term investment fund, raising worries on some campuses about meeting payrolls and other obligations.

HEY HOUSE, PASS THE FRIGGIN' BAILOUT NOW! 

I have tenure. That helps. Er, right?

Comments

[John Whitehead]

http://www.env-econ.net/2008/09/phd-comics-on-t.html

[JSB]

So this could answer the "Question of the Day" for at least some of us.

[odograph]

If you have the time, a good science-head view of ... stuff:

http://bloggingheads.tv/diavlogs/14756

(maybe tim/john should do a bloggingheads ...)

[joshua corning]

HEY HOUSE, PASS THE FRIGGIN' BAILOUT NOW!

So 20 years from now your students can pay off their student loans a second time?

[odograph]

I was just noting, in response to an interesting post at Marginal Revolution, that $700B is enough to drop $1B endowments on 700 universities ... probably enough to kick-start free college tuition in the US (with good grades/tests!)